This paper circulates around the core theme of Total liabilities and equity $589.2 $623.6 Question #2) What is the horizon value as of 12/31/2011? together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Problem 13-10 ” TUTOR CAN YOU PLACE THE PROBLEM AND THE ANSWERS ON A EXCEL SPREAD SHEET , THANK… 1 answer below » Problem 13-10 ” TUTOR CAN YOU PLACE THE PROBLEM AND THE ANSWERS ON A EXCEL SPREAD SHEET , THANK YOU Corporate Valuation eBook The financial statements of Lioi Steel Fabricators are shown below – both the actual results for 2010 and the projections for 2011. Free cash flow is expected to grow at a 7% rate after 2011. The weighted average cost of capital is 10%. Income Statements for the Year Ending December 31 (Millions of Dollars Except for Per Share Data) Actual Projected 2010 2011 Net sales $500.0 $530.0 Costs (except depreciation) 360.0 381.6 Depreciation 37.5 39.8 Total operating costs View complete question » Problem 13-10 ” TUTOR CAN YOU PLACE THE PROBLEM AND THE ANSWERS ON A EXCEL SPREAD SHEET , THANK YOU Corporate Valuation eBook The financial statements of Lioi Steel Fabricators are shown below – both the actual results for 2010 and the projections for 2011. Free cash flow is expected to grow at a 7% rate after 2011. The weighted average cost of capital is 10%. Income Statements for the Year Ending December 31 (Millions of Dollars Except for Per Share Data) Actual Projected 2010 2011 Net sales $500.0 $530.0 Costs (except depreciation) 360.0 381.6 Depreciation 37.5 39.8 Total operating costs $397.5 $421.4 Earnings before interest and taxes $102.5 $108.6 Less interest 13.9 16.0 Earnings before taxes $88.6 $92.6 Taxes (40%) 35.4 37.0 Net income before preferred dividends $53.2 $55.6 Preferred dividends 6.0 7.4 Net income available for common dividends $47.2 $48.2 Common dividends $40.8 $29.7 Addition to retained earnings $6.4 $18.5 Number of shares 10 10 Addition to retained earnings $4.08 $2.97 Balance Sheets for December 31 (Millions of Dollars) Actual Projected 2010 2011 Assets Cash $ 5.3 $ 5.6 Marketable securities 49.9 51.9 Accounts receivable 53.0 56.2 Inventories 106.0 112.4 Total current assets $214.2 $226.1 Net plant and equipment 375.0 397.5 Total assets $589.2 $623.6 Liabilities and Equity Accounts payable $9.6 $11.2 Notes payable 69.9 74.1 Accruals 27.5 28.1 Total current liabilities $107.0 $113.4 Long-term bonds 140.8 148.2 Preferred stock 35.0 37.1 Common stock (par plus PIC) 160.0 160.0 Retained earnings 146.4 164.9 Common equity $306.4 $324.9 Total liabilities and equity $589.2 $623.6 Question #2) What is the horizon value as of 12/31/2011? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places. $_______million View less » Sep 16 2015 12:19 PM
